Buy
Sell
Name Symbol Market Market Cap ($) Algorithm
TRON TRXUSD Crypto 5,687,385,962 Not Mineable
  Price Change Price Change % Current Price Bid Price Offer
  0.001829 3.04% 0.062101 0.061966 0.062197
High Price Low Price Open Price Prev. Close 52 Week Range
0.062591 0.059936 0.060099 0.060099 - - -
Exchange Last Trade Size Trade Price Currency
GATE 19:24:20 242.87 0.062101 USD
Price x Volume Volume Base Symbol Related Pairs
413,127.70 6,766,877.54 TRX TRXEUR TRXGBP TRXBTC

TA: Bitcoin Price Gearing For Another Lift-Off to $21K, Recent Breakout Suggests

27/09/2022 3:28am

NEWSBTC


Bitcoin is gaining pace above the $19,500 resistance against the US Dollar. BTC could rise further above $20,000 if it stays above the $19,000 support. Bitcoin started a decent increase and was able to clear the $19,500 resistance zone. The price is trading above $19,000 and the 100 hourly simple moving average. There was a break above a connecting bearish trend line with resistance near $19,220 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could stage a strong increase if it clears the $20,000 resistance zone. Bitcoin Price Breaks Hurdle Bitcoin price remained well bid above the $19,000 support zone. The crypto market was able to recover and BTC climbed higher above the $19,200 resistance zone. There was a clear move above a connecting bearish trend line with resistance near $19,220 on the hourly chart of the BTC/USD pair. The pair even surpassed a major resistance zone near the $19,500 level to move into a positive zone. Bitcoin price is now trading above $19,000 and the 100 hourly simple moving average. It traded as high as $19,863 and is currently consolidating gains. It is trading well above the 23.6% Fib retracement level of the recent increase from the $18,645 swing low to $19,863 high. On the upside, an immediate resistance is near the $19,850 level. The next major resistance sits near the $20,000 zone. Source: BTCUSD on TradingView.com A close above the $20,000 level might push the price further into a bullish zone. In the stated case, the price could rise towards $20,500. Any more gains might lead the price higher towards the $21,000 resistance zone. Dips Supported in BTC? If bitcoin fails to rise above the $20,000 resistance zone, it could correct lower. An immediate support on the downside is near the $19,550 zone. The next major support is near the $19,250 zone. It is near the 50% Fib retracement level of the recent increase from the $18,645 swing low to $19,863 high. The main support sits near the $19,000 level, below which the price might move into a bearish zone. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $19,550, followed by $19,000. Major Resistance Levels – $19,850, $20,000 and $20,500.

1 Year TRON Chart

1 Year TRON Chart

1 Month TRON Chart

1 Month TRON Chart
Your Recent History
COIN
TRXUSD
TRON
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20230201 19:27:13